MGM vs SBUX: Correlation
Measured on weekly returns over the past three years, MGM Resorts (MGM) and Starbucks (SBUX) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGM and SBUX?
Over the past 3 years, MGM and SBUX moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 404.0 %².
Within MGM's tracked universe of 41 assets, SBUX comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBUX outperformed by 17.5 percentage points (+8.0% for MGM against +25.5% for SBUX). The rolling one-year correlation moved between 0.21 and 0.70 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MGM vs SBUX: side by side
| MGM (MGM Resorts) | SBUX (Starbucks) | |
|---|---|---|
| 1-year return | +8.0% | +25.5% |
| 5-year return | +0.8% | +4.5% |
| Volatility (ann.) | 35.2% | 34.2% |
| Beta vs S&P 500 | 1.18 | 1.10 |
| Max drawdown (3Y) | -46.0% | -32.0% |
| Market cap | $11.0B | $122.3B |
| P/E (trailing) | 26.4 | 62.7 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | MGM | SBUX |
|---|---|---|
| 2022 | -25.3% | -13.2% |
| 2023 | +33.3% | -1.2% |
| 2024 | -22.4% | -2.5% |
| 2025 | +5.3% | -5.3% |
| 2026 | +17.8% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGM and SBUX good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MGM and SBUX?
As of 2026-08-27, the correlation of weekly returns between MGM and SBUX is 0.34 over 3 years, 0.25 over 1 year and 0.42 over 5 years.
Is SBUX a good diversifier for MGM?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mgm-vs-sbux.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgm-vs-sbux/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MGM correlations · SBUX correlations
